Supervisory Team Member, SIFMU Lead - Supervision Group Supervisory Team Member, SIFMU Lead - Supervision  …

Federal Reserve Bank of New York
in New York, NY, United States
Permanent, Full time
Be the first to apply
Federal Reserve Bank of New York
in New York, NY, United States
Permanent, Full time
Be the first to apply
Supervisory Team Member, SIFMU Lead - Supervision Group
At the Federal Reserve Bank of New York, the work we do is consequential and challenging. Our environment encourages growth and diversity. Our employees flourish in a team-oriented atmosphere and are dedicated to the important mission of the New York Fed.

The mission of the Financial Market Infrastructure Function (FMIF) is to promote financial stability through the supervision of financial market utilities (FMUs). These utilities conduct activities that provide a processing service, such as a central counterparty (CCP), clearinghouse
services, or a settlement system for the financial markets.

Your role as a DST Supervisory Team Member:
  • As an individual contributor, serve as the lead on two of three systemically important financial market utilities (SIFMUs) – monitoring and assessing daily operations and settlement activities;
  • Develop and maintain supervisory relationships with management to keep abreast of the clearance and settlement operations and critical risks;
  • Develop monitoring of industry and securities market developments; applying gained intel to daily monitoring activities.
  • Participate/lead in examinations (e.g. both FRBNY and SEC Title VIII) of risk controls and operational processes;
  • Monitor business initiatives and assess benefits and potential risks to its three SIFMUs and the financial system;
  • Work across functions within the FRBNY to coordinate views on business initiatives;
  • Coordinate with the Board and SEC on the review and approval of proposed changes (i.e. ANPC) in rules and processes at the SIFMU;
  • Contribute to continuous monitoring assessments of risks that may arise as a result of business initiatives;
  • Assess compliance with the CPMI-IOSCO Principles for financial market infrastructures.
  • Assign supervisory ratings, and propose and execute on planned supervisory events in regard to activities at the firm.

What we are looking for:
The ideal candidate will possess the following qualifications:
  • Bachelor’s degree required, Master’s Degree preferred.
  • 7-10 plus years of relevant subject matter experience; and
  • Ability to work collaboratively with DST team colleagues to synthesize supervisory assessments and areas of supervisory concern/focus from information gained from both institution-specific monitoring work as well as cross-firm perspectives;
  • Some knowledge of payment, clearance, and settlement of financial products such as fixed income, equities and associated key risks such as operational risk and liquidity.
  • Agility and intellectual capacity to quickly assimilate new information, handle problem situations, and manage a variety of responsibilities simultaneously;
  • Ability to collaborate and work with a wide range of resources across the bank and the system;
  • Ability to be creative, offering innovative ideas toward strengthening and improving our supervisory approach of the firm.
  • Strong self-management skills, as evidenced by ability to take initiative and ownership of assignments, produce results under tight time constraints both independently and as a member of a team, and operate within rapidly evolving priorities;
  • Strong written and oral communication skills and the ability to synthesize and articulate complex ideas and data concepts;
  • Strong planning and organizational ability;
  • Prior supervisory and risk management experience is a plus.
  • Occasional travel may be required (approximately 15%)

This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

Why the Fed:

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You'll work in an environment with a diverse group of talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It's a challenge that demands the skills of a financial services professional and the intellectual curiosity of an academic—all combined with a passion for public service.

The Federal Reserve Bank of New York is committed to a work environment that respects and fully values the strengths and differences of its people. Working at the New York Fed provides talented professionals the chance to grow their skills at an institution that has served a critical role in the financial system of the United States and the world for over a century. An important component of the Bank’s diversity effort is our partnership with several professional non-profit organizations, including INROADS, JumpStart Advisory Group, NBDC Emerging Leaders, Seizing Every Opportunity, National Black MBA, Out for Undergrad, Prospanica and Reaching Out MBA.
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